Is Japan learning to smile?

Article Abstract:

Japan has been faced with overcapacity on a large scale, which has been a characteristic of the 1990s recession, but there has been some improvement in 1st half 1999. Japan is seeking a structural solution to tackle excess capacity, and growth could be hampered by plant closures and the like. Yet there is hope that consumption could increase and capacity could be used to a greater extent. Business confidence is improving and newspapers and government forecasters may be giving too gloomy a picture of prospects for the Japanese economy.

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Turning and turning

Article Abstract:

Japan's current recession is stimulating close examination of how the country can regain its economic success. There are a variety factors which may impact economic growth. These include a high life expectancy rate, diminished capital resources, savings depletions and the future of lifetime employment.

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A costly battle against recession: Japan

Article Abstract:

Japan's economy has been recovering from recession through public subsidies, artificially low interest rates and intervention in foreign exchange. The public money is used up. Recovery will now depend on consumer and business confidence, which are hurt by high unemployment and high stock prices.

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